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Tag Archives: RBI

Live RBI Session Updates: Board Meeting in Progress; NBFCs, award standards in focus

Finance Minister Arun Jaitley (L) and Governor of RBi Urjit Patel. File Photo: Hindustan Times Mumbai: The Reserve Bank of India's 18 Board members today meet and can address key issues, including easing rules for weak banks, providing liquidity to non-bank finance companies and the creation of a new capital framework for the RBI. RBI's Board of Directors consists of …

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RBI net sells $ 18.66 billion between April-September

The Reserve Bank of India (RBI) sold $ 18.662 billion of the greenback in the spot market, during the first seven months of the current financial year, according to RBI data. In the same period last year, RBI What a purchaser of the greenback, as it had bought $ 16.301 billion. In September, 2018, RBI sold $ 31 million of …

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Government wants to take RBI to control Precious Reserves: P Chidambaram

He claimed that the government and RBI were heading for a "confrontation". New Delhi: Prior to the RBI board meeting, Congressman P Chidambaram on Sunday claimed that the central government was "arrested." "The bank gained control of its reserves of Rs 9." In One Series of tweets, the former Finance Minister also claimed that the government and the Reserve Bank …

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Indian currency is on the brink of withdrawal due to rumors of RBI governor

Wednesday's Indian currency lost ground on market rumors that Reserve Bank of India governor Urjit Patel was about to step down after a tense confrontation with Prime Minister Narendra Modi's government. Speculation comes days after Mr Patel's Deputy Member, Viral Acharya, he gave a tough public talk warning of "potentially catastrophic" consequences of the government's increasing efforts to influence central …

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